Corporation To Develop Communities Of Tampa Inc
- Assets
- $16.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Tampa, FL
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 59-3150608
Organization Overview
Corporation To Develop Communities Of Tampa Inc is located in Tampa, FL. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Corporation To Develop Communities Of Tampa Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation To Develop Communities Of Tampa Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Corporation To Develop Communities Of Tampa Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CDC OF TAMPA WAS FORMED TO REVITALIZE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUTH AND FAMILY CENTER PROVIDES PROGRAMS THAT ASSIST YOUTH WITH ACADEMIC MENTORING, EMPLOYABILITY, ENTREPRENEURSHIP AND FINANCIAL LITERACY TO HIGH SCHOOL STUDENTS. IN ADDITION, CDC IN PARTNERSHIP WITH THE UNIVERSITY AREA CDC, SERVES AT RISK YOUTH THROUGH SOCIAL PURPOSE WITH PROJECTS DESIGNED FOR PREVENTION, INTERVENTION AND DIVERSION. THERE ARE OVER 300 CHILDREN THAT PARTICIPATE IN THESE PROGRAMS.
THE CAREER RESOURCE CENTER HAS PROVIDED JOB TRAINING AND PLACEMENT SERVICES TO OVER 3,200 RESIDENTS OF HILLSBOROUGH COUNTY.
THE REAL ESTATE/HOUSING DEVELOPMENT PROGRAM HAS ASSISTED OVER 100 RESIDENTS BY PROVIDING INTENSIVE COUNSELING AND EDUCATION EMPOWERING POTENTIAL HOMEBUYERS AND ASSISTED OVER 1,000 WITH FORECLOSURE COUNSELING AND HOME PRESERVATION STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest Coney CEO | Officer | 40 | $146,200 |
Ronda Watts COO | Officer | 40 | $98,259 |
Sharon Perdue CFO | Officer | 40 | $97,681 |
Krys Patterson Chairwoman | OfficerTrustee | 1 | $0 |
David Ogburn Secretary | OfficerTrustee | 1 | $0 |
Andres Prida Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $181,126 |
| Membership dues | $0 |
| Fundraising events | $92,710 |
| Related organizations | $0 |
| Government grants | $3,324,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $496,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,095,347 |
| Total Program Service Revenue | $900,513 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,592 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,993,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $342,141 |
| Compensation of current officers, directors, key employees. | $51,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,075,811 |
| Pension plan accruals and contributions | $55,019 |
| Other employee benefits | $89,210 |
| Payroll taxes | $86,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,452 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,850 |
| Advertising and promotion | $21,090 |
| Office expenses | $304,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $296,458 |
| Travel | $13,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $291,062 |
| Insurance | $52,947 |
| All other expenses | $0 |
| Total functional expenses | $3,372,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,997,657 |
| Savings and temporary cash investments | $465,800 |
| Pledges and grants receivable | $153,842 |
| Accounts receivable, net | $92,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $905,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,466 |
| Net Land, buildings, and equipment | $10,413,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,622 |
| Total assets | $16,082,623 |
| Accounts payable and accrued expenses | $265,609 |
| Grants payable | $0 |
| Deferred revenue | $660,527 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $695,112 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,920,300 |
| Unsecured mortgages and notes payable | $4,137,191 |
| Other liabilities | $0 |
| Total liabilities | $9,678,739 |
| Net assets without donor restrictions | $6,403,884 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,082,623 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Corporation To Develop Communities Of Tampa Inc has recieved totaling $618,093.
| Awarding Organization | Amount |
|---|---|
United Way Suncoast Inc Tampa, FL PURPOSE: ALLOCATIONS, DESIGNATIONS, DISASTER RELIEF RESPONSE, GRANTS & PROGRAM IMPACT FUNDING | $263,213 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $200,649 |
National Community Reinvestment Coalition Inc Washington, DC PURPOSE: FIELD EMPOWERMENT FUND | $125,000 |
Calvin H Reed Family Foundation Inc Tampa, FL PURPOSE: TO SUPPORT THE ORGANIZATION | $15,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $14,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Tri-County Community Council Inc Bonifay, FL | $6,451,084 | $10,551,381 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |
University Area Community Development Corporation Inc Tampa, FL | $12,749,613 | $5,875,333 |
Fcs Urban Ministries Inc Atlanta, GA | $14,341,492 | $9,768,608 |
Pinellas Opportunity Council Inc Saint Petersburg, FL | $578,079 | $5,188,164 |
Florida Police Benevolent Association Inc Doral, FL | $8,588,040 | $5,522,405 |